BUSINESS NEWS

Mthuli Ncube tables ambitious revenue collection figures

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for the first...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Innscor's revenue breaches $1bn mark

Diversified Industrial conglomerate, Innscor Africa Limited defied the challenging economic environment and reported a surge in profitability for the year to June 30, 2019, on good product mix and vol...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Zimpapers records 63% revenue increase

INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

Telecoms firms in revenue decline

ZIMBABWE's telecoms sector has suffered a $37,1 million decline in revenue for the first time ever in the past four years.The latest Postal and Telecommunications Regulatory Authority of Zimbabwe (Pot...

By Staff reporter | Published: 16 July 2019

MINING & RETAIL

PPC Zimbabwe revenue declines by 20%

PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...

By Staff reporter | Published: 02 July 2019

FINANCIAL SERVICES

Tight economy chokes Fidelity insurance revenue

Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...

By Staff reporter | Published: 27 June 2019

LANDS & AGRICULTURE

Increased revenue drives Seed Co PAT to US$90,7m

Seed Co Limited posted an after-tax-profit of US$90,7 million in the year ended March 31, up from US$21,4 million recorded in the prior year, driven by an increase in revenue.Revenue was up 16% to US$...

By Staff reporter | Published: 14 June 2019

LANDS & AGRICULTURE

Zimplow revenue grows by 86%

LISTED manufacturer and distributor of farming implements, Zimplow, says its revenue grew by 86% to $29,8 million in the first five months of 2019, driven by an improvement in volumes across the group...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Zinara revenues projected to hit $136m

The Zimbabwe National Roads Administration (Zinara)'s combined revenues are projected to rise to $135,6 million for the current year, up from $133,3 million last year. The improvement in the roads aut...

By Staff reporter | Published: 13 June 2019

TRANSPORT & TOURISM

Zimpost revenue dips on working capital constraints

ZIMPOST says it generated $19,3 million in revenue in the 11 months to November, which was 12% below the $22 million achieved last year, as liquidity challenges and working capital constraints affecte...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Zimra revenue declines by $27 million

THE Zimbabwe Revenue Authority (Zimra) has recorded a decline of $27 million from commercial and vehicle imports in the first 10 days after Government legalised the payment of duty on specified goods ...

By Staff reporter | Published: 10 December 2018

BUSINESS NEWS

Economy rebasing to grow Zimbabwe revenue

The rebasing of the Zimbabwean economy has highlighted additional opportunities to grow revenue and also pointed to high levels of tax evasion, Finance and Economic Development Minister Mthuli Ncube h...

By Staff reporter | Published: 10 December 2018

TELECOMS & TECHNOLOGY

Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Zimra targets $4,3 billion revenue

THE Zimbabwe Revenue Authority (Zimra) is targeting to collect $4,3 billion in gross revenue by year-end, up 8% compared to what was achieved in 2017, an official has said.Last year, the actual gross ...

By Staff reporter | Published: 02 December 2018

TRANSPORT & TOURISM

Tourism recovery drives Dawn revenue

DAWN Properties Limited (Dawn) revenue from hotel property leases went up 30,6 percent to $1,52 million during the six months ended June 30, 2018 on the back of increased occupancy at the hotels as de...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Interest-bearing activities boost BancAbc revenues

BancABC, the local unit of African Banking Corporation, is among the top banks that are generating the bulk of their revenue from interest-bearing activities, a survey of financial institutions operat...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...

By Staff reporter | Published: 13 July 2018

TELECOMS & TECHNOLOGY

OTT application services cut mobile revenue

MOBILE operators experienced a 5,8% decline in revenue to $244 677 944 in the first quarter of the year owing to the continued decrease in voice traffic as over the top (OTT) applications continue to ...

By Staff reporter | Published: 10 July 2018

TELECOMS & TECHNOLOGY

Zimbabwe mobile telcos' revenue down 5,8%

Zimbabwe's mobile telcos' revenue for the first quarter of 2018 decreased by 5,8 percent to $244,7 million compared to $259,711 million recorded in the same period last year as consumers continue to o...

By Staff reporter | Published: 10 July 2018

BUSINESS NEWS

Industry targets $7bn revenue

Zimbabwe's manufacturing industry is mulling a plan its contribution to $7 billion by 2030, as it aligns with government's ambitious plan to reverse economic turmoil. The 20 percent contribution will ...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Harare losing revenue through unbilled billboards

HARARE City Council is losing a lot of potential revenue through billboards erected at private institutions by illegal advertising agencies.According to minutes of the environmental management committ...

By Staff reporter | Published: 29 June 2018

CONSTRUCTION & PROPERTY

Dawn revenue up 27%

Property concern Dawn Properties Limited revenue for the five months to May 2018, increased 27 percent to $2,2 million compared to same period last year. Property income from hotels and timeshares was...

By Staff reporter | Published: 29 June 2018

INDUSTRIALS & ENERGY

General Beltings' revenue up 23%

THE country's leading manufacturer of conveyor belts - General Beltings Holdings' revenue for the five months to May 2018 grew 23 percent on increased volumes across board.In a trading update volumes ...

By Staff reporter | Published: 28 June 2018
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